23 U.S.C. § 121 : US Code - Section 121: Payment to States for construction
Search 23 U.S.C. § 121 : US Code - Section 121: Payment to States for construction
(a) In General. - The Secretary, from time to time as the work
progresses, may make payments to a State for costs of construction
incurred by the State on a project. Such payments may also be made
for the value of the materials -
(1) that have been stockpiled in the vicinity of the
construction in conformity to plans and specifications for the
projects; and
(2) that are not in the vicinity of the construction if the
Secretary determines that because of required fabrication at an
off-site location the material cannot be stockpiled in such
vicinity.
(b) Project Agreement. - No payment shall be made under this
chapter except for a project covered by a project agreement. After
completion of the project in accordance with the project agreement,
a State shall be entitled to payment out of the appropriate sums
apportioned or allocated to the State of the unpaid balance of the
Federal share payable for such project.
(c) Such payments shall be made to such official or officials or
depository as may be designated by the State transportation
department and authorized under the laws of the State to receive
public funds of the State.
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Payments to States for bond and other debt instrument financing